35% of Daniel's savings is equal to 50% of Matthew's savings. What is the ratio of Daniel's savings to Matthew's savings? Express your answer in the simplest form
Question
35% of Daniel's savings is equal to 50% of Matthew's savings. What is the ratio of Daniel's savings to Matthew's savings? Express your answer in the simplest form
Solution
Let's denote Daniel's savings as D and Matthew's savings as M.
According to the problem, 35% of Daniel's savings is equal to 50% of Matthew's savings. We can write this as an equation:
0.35D = 0.50M
To find the ratio of Daniel's savings to Matthew's savings (D:M), we can rearrange the equation to solve for D/M:
D/M = 0.50/0.35
Simplify the fraction to get the ratio in simplest form:
D/M = 10/7
So, the ratio of Daniel's savings to Matthew's savings is 10:7.
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